North Peak Capital Management, LLC In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), North Peak Capital Management, LLC reported 8 stock positions worth $880.7 million . Its top holding was Hilton Grand Vacations (HGV) at 26.3% of the portfolio, followed by Carvana (CVNA, 20.4% ) and Schwab (charles) (SCHW, 17.3% ). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 2 and reduced 4. The biggest buy was Pegasystems (PEGA, shares +122% ) and the biggest sale an exit from Invesco S&P 500 Equal Weight (RSP).
Location NEW YORK, NY
CIK 0001747888
Portfolio Value $880.7M (Q3 2025) Holdings 8 stocks · $880.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 HGV Hilton Grand Vacations Inc. 5,544,712 $231.8M Reduce -18.6% CVNA Carvana Co. 477,343 $180.1M Add +30.9% SCHW Schwab (charles) Corp. 1,594,496 $152.2M Reduce -23.9% PEGA Pegasystems Inc. 2,346,501 $134.9M Add +122.0% ELV Elevance Health Inc. 252,809 $81.7M Reduce -37.1% DRVN Driven Brands Holdings Inc. 2,906,954 $46.8M Reduce -59.2% AGL Agilon Health Inc. 34,424,477 $35.5M New HAE Haemonetics Corp. 362,366 $17.7M New
Options reported separately and not counted above: RSP puts ($260.7M).
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ RSP Invesco S&P 500 Equal Weight Sold out 0.00% −19.61 GLBE Global-E Online Ltd. Sold out 0.00% −6.95 DRVN Driven Brands Holdings Inc. Reduce -59.2% 5.32% −4.50 ELV Elevance Health Inc. Reduce -37.1% 9.28% −2.99 SCHW Schwab (charles) Corp. Reduce -23.9% 17.29% +2.27 HGV Hilton Grand Vacations Inc. Reduce -18.6% 26.32% +4.12
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ PEGA Pegasystems Inc. Add +122.0% 15.32% +10.83 CVNA Carvana Co. Add +30.9% 20.45% +10.80 AGL Agilon Health Inc. New 4.03% +4.03 HAE Haemonetics Corp. New 2.01% +2.01
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ RSP Invesco S&P 500 Equal Weight put New 1,374,131 $260.7M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 8 $900.0M HGV, AGL, SCHW, CVNA, SE Q1 2026 7 $601.3M HGV, CVNA, SCHW, DRVN, HAE Q4 2025 9 $913.5M HGV, CVNA, PEGA, SCHW, HAE Q3 2025 8 $880.7M HGV, CVNA, SCHW, PEGA, ELV Q2 2025 8 $1.3B HGV, RSP, SCHW, ELV, DRVN Q1 2025 7 $809.2M HGV, SCHW, ELV, DRVN, CVNA Q4 2024 7 $754.9M HGV, SCHW, WDAY, DRVN, META Q3 2024 7 $711.3M HGV, WDAY, SCHW, DRVN, FROG Q2 2024 8 $851.4M HGV, SMAR, SCHW, WDAY, DRVN Q1 2024 8 $899.8M HGV, WDAY, SMAR, SCHW, LPLA